Risk Management and Credit Strategy Lead

1 week ago

Old Toronto, Ontario, Canada Momentum Financial Services Group Full time
Job Description

Overview

Momentum Financial Services Group is a leading provider of financial services in North America. As a Senior Manager, Risk and Compliance, you will play a critical role in managing the end-to-end process of the company's credit and underwriting functions in the US and Canada across all consumer lending products.

Key Responsibilities

  • Support the transformation of credit operations and underwriting processes by leveraging advanced data science and machine learning capabilities.
  • Work closely with the VP, Risk to develop and implement credit strategies for all US and Canadian lending products.
  • Maintain all aspects of underwriting analytics, including the approve/decline process, dollar assignment, loan refinancing, and eligibility criteria for marketing and risk-based pricing.
  • Provide training, tools and advice to support the business.
  • Review and monitor the loan portfolio, including delinquency and charge-off rates, yield analysis, credit concentrations, etc.
  • Monitor compliance with risk appetites and policies.
  • Identify emerging risks, analyze key risk trends and support the development of prudent risk management in enabling business growth initiatives.
  • Recommend changes to products, policies, and strategies accordingly.
  • Manage a team (3-4) of credit risk analysts.

Requirements

  • Advanced degree in quantitative discipline such as math, computer science, physics, economics, statistics, etc.
  • Strong quantitative skills: ability to work with mathematical concepts such as probability and statistical inference

Experience

  • Min 7 years of experience in a lending or financial institution with hands-on experience in credit analytics and underwriting.
  • Experience leading a small team

Skills

  • Must have knowledge of analytic techniques such as regression analysis, segmentation techniques, decision trees, and others, and also familiarity with SQL and Tableau.
  • Ability to monitor and analyze changes in the consumer lending marketplace and develop and implement appropriate short and long-term business solutions.
  • Experience working as a business partner to field management, finance, marketing, and corporate senior management.
  • Experience working in a highly regulated financial services environment.
  • Experience creating lifetime customer value and loss forecasting methodologies highly desirable.
  • Ability to work cross-functionally and create actionable analysis/reporting.

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